other material
confidence high
sentiment neutral
materiality 0.60
Diamondback pro forma combined net income $3.055B; diluted EPS $10.32 for FY2024
Diamondback Energy, Inc.
- Combined FY2024 revenue $15.5B; net income attributable to Diamondback $3.055B; diluted EPS $10.32.
- Acquisition consideration $7.1B cash plus 117.27M shares; funded via cash on hand and $1B term loan.
- Pro forma adjustments include $1.4B depletion expense and $139M additional interest from new senior notes and term loan.
- Historical standalone FANG diluted EPS $15.53 vs pro forma $10.32 due to share dilution and fair value adjustments.